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Side-by-side financial comparison of Motorsport Games Inc. (MSGM) and Token Cat Ltd (TC). Click either name above to swap in a different company.
Motorsport Games Inc. is the larger business by last-quarter revenue ($3.8M vs $2.8M, roughly 1.4× Token Cat Ltd). Motorsport Games Inc. runs the higher net margin — 21.8% vs -3.4%, a 25.2% gap on every dollar of revenue. On growth, Motorsport Games Inc. posted the faster year-over-year revenue change (94.9% vs -37.9%).
Motorsport Games Inc. is an American video game developer, publisher and esports event organizer based in Miramar, Florida. Motorsport Games is owned by Driven Lifestyle Group LLC.
MSGM vs TC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.8M | $2.8M |
| Net Profit | $839.3K | $-93.0K |
| Gross Margin | 85.0% | 79.0% |
| Operating Margin | 14.9% | -206.9% |
| Net Margin | 21.8% | -3.4% |
| Revenue YoY | 94.9% | -37.9% |
| Net Profit YoY | 131.8% | 98.3% |
| EPS (diluted) | $0.14 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.8M | — | ||
| Q3 25 | $3.1M | — | ||
| Q2 25 | $2.6M | $2.8M | ||
| Q1 25 | $1.8M | — | ||
| Q4 24 | $2.0M | — | ||
| Q3 24 | $1.8M | — | ||
| Q2 24 | $1.9M | $4.4M | ||
| Q1 24 | $3.0M | — |
| Q4 25 | $839.3K | — | ||
| Q3 25 | $789.3K | — | ||
| Q2 25 | $4.3M | $-93.0K | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $-2.6M | — | ||
| Q3 24 | $-554.6K | — | ||
| Q2 24 | $2.1M | $-5.6M | ||
| Q1 24 | $-1.7M | — |
| Q4 25 | 85.0% | — | ||
| Q3 25 | 80.7% | — | ||
| Q2 25 | 82.4% | 79.0% | ||
| Q1 25 | 73.5% | — | ||
| Q4 24 | 45.8% | — | ||
| Q3 24 | 60.2% | — | ||
| Q2 24 | 59.0% | 69.2% | ||
| Q1 24 | 78.0% | — |
| Q4 25 | 14.9% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 75.9% | -206.9% | ||
| Q1 25 | -5.3% | — | ||
| Q4 24 | -33.5% | — | ||
| Q3 24 | -107.2% | — | ||
| Q2 24 | — | -146.9% | ||
| Q1 24 | -40.1% | — |
| Q4 25 | 21.8% | — | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 164.3% | -3.4% | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | -133.7% | — | ||
| Q3 24 | -30.8% | — | ||
| Q2 24 | 111.9% | -125.9% | ||
| Q1 24 | -55.0% | — |
| Q4 25 | $0.14 | — | ||
| Q3 25 | $0.14 | — | ||
| Q2 25 | $0.82 | — | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $-0.92 | — | ||
| Q3 24 | $-0.18 | — | ||
| Q2 24 | $0.77 | — | ||
| Q1 24 | $-0.61 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.0M | $150.0K |
| Total DebtLower is stronger | — | $1.4M |
| Stockholders' EquityBook value | $6.8M | $4.6M |
| Total Assets | $12.0M | $28.4M |
| Debt / EquityLower = less leverage | — | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.0M | — | ||
| Q3 25 | $4.1M | — | ||
| Q2 25 | $2.4M | $150.0K | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $859.3K | — | ||
| Q3 24 | $1.1M | — | ||
| Q2 24 | $300.0K | $689.0K | ||
| Q1 24 | $500.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.8M | ||
| Q1 24 | — | — |
| Q4 25 | $6.8M | — | ||
| Q3 25 | $5.9M | — | ||
| Q2 25 | $4.8M | $4.6M | ||
| Q1 25 | $648.4K | — | ||
| Q4 24 | $496.3K | — | ||
| Q3 24 | $4.1M | — | ||
| Q2 24 | $4.3M | $-787.0K | ||
| Q1 24 | $2.1M | — |
| Q4 25 | $12.0M | — | ||
| Q3 25 | $10.1M | — | ||
| Q2 25 | $8.2M | $28.4M | ||
| Q1 25 | $6.1M | — | ||
| Q4 24 | $6.3M | — | ||
| Q3 24 | $7.0M | — | ||
| Q2 24 | $7.2M | $12.5M | ||
| Q1 24 | $9.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7M | $-23.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | — | ||
| Q3 25 | $2.1M | — | ||
| Q2 25 | $-30.5K | $-23.7M | ||
| Q1 25 | $305.2K | — | ||
| Q4 24 | $-1.1M | — | ||
| Q3 24 | $-680.3K | — | ||
| Q2 24 | $-695.9K | $-1.5M | ||
| Q1 24 | $-373.7K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-1.5M | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -34.4% | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | — |
| Q4 25 | 2.07× | — | ||
| Q3 25 | 2.61× | — | ||
| Q2 25 | -0.01× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.33× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
